UNION OF INDIA vs BUNGO STEEL FURNITURE PVT. LTD.

The Supreme Court held that an arbitrator's award can only be set aside for an error of law apparent on the face of the award, as established in Champsey Bhare & Co. v. Jivraj Balloo Spinning & Weaving Co. Ltd. The court clarified that it cannot investigate the merits or examine evidence to determine if an error occurred. Additionally, the arbitrator has the jurisdiction to grant future interest from the date of the award to the date of the decree, as implied by the terms of the reference, despite Section 34 of the Civil Procedure Code not applying directly to arbitration proceedings.